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Nov 2, 2012
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>> i believe it would be a stimulus for the economy, yes. currently the administration plans and the gses have frustrated that but, yes, i think it would be positive. >> you advised the romney campaign, obviously, on policy. you probably don't advise them on how to campaign, i guess, glenn. is that the story, that was where it was in january and we sit at 7,900 and we're still above where we started? >> those are all good talking points. the way i put it to people, as i said before, you have 23 million americans struggling and looking to participate more in this labor market and we have a jobs gap of more than 8 million from what the president promised in his first forecast from where we are mao. that's not a great record. >> glenn hubbard, thanks for your immediate appraisal of the report. we appreciate it. >>> all right. a programming note. watch "squawk on the street" for reaction to the jobs report from alan krueger, chairman of the council of economic advisers for the president. >>> when we come back, we will have more reaction to the j
>> i believe it would be a stimulus for the economy, yes. currently the administration plans and the gses have frustrated that but, yes, i think it would be positive. >> you advised the romney campaign, obviously, on policy. you probably don't advise them on how to campaign, i guess, glenn. is that the story, that was where it was in january and we sit at 7,900 and we're still above where we started? >> those are all good talking points. the way i put it to people, as i said...
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Oct 29, 2012
10/12
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it's the split in the economy. now we're getting just a little bit more data here. >> this is interesting. the reason for the delay on this is the data was released only on commerce department website and not with usual lockup since there's no personnel there. commerce website to get the information. >> the core inflation figures were spot on expectations. no change up 1.7 for the year. >> i got it now. >> september 0.4. disposables 0.4. if you take out inflation, you come up with zero on disposable income. i'm interested on savings rate. do you remember what the numbers are? usually i get a table. >> i don't have that. >> overall personal income 0.1 in august. 0.2 in july. i have to look back at the old numbers. talk amongst yourselves. >> spending was 0.5. >> i'm trying to get prior numbers here. >> for august? >> i have them right here. what numbers do you need. disposable personal income 0.1%. personal consumption was in current dollars 0.5%. >> real spending is up 0.4%. real income 00. i don't have wage and sa
it's the split in the economy. now we're getting just a little bit more data here. >> this is interesting. the reason for the delay on this is the data was released only on commerce department website and not with usual lockup since there's no personnel there. commerce website to get the information. >> the core inflation figures were spot on expectations. no change up 1.7 for the year. >> i got it now. >> september 0.4. disposables 0.4. if you take out inflation, you...
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Nov 1, 2012
11/12
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>> well i think the economy has, is going along fairly well. so many people it seems to me are really worried about europe and a lot of other macro problems in the world, and our own fiscal problems that they've almost gotten their portfolios in too bearish a situation, in a situation where the only way they can succeed is for catastrophe, and that's probably one of the most powerful things about our market is that people, some people are situated that way. but we seem to be, europe seems to be getting a little bit better, and i still think there's a good chance that we will get together and solve our fiscal problems. they're certainly solvable. >> i'd certainly hope so, too. i hope there is some solution to that. emile, what do you see right now? >> i see an extraordinarily tepid recovery in the u.s. if you look at us versus say the reagan recovery, three years into the reagan recovery, employment or gdp growth was between 7% and 8%. there was 700,000 to 800,000 jobs being created per month and so this recovery is essentially a jobless recover
>> well i think the economy has, is going along fairly well. so many people it seems to me are really worried about europe and a lot of other macro problems in the world, and our own fiscal problems that they've almost gotten their portfolios in too bearish a situation, in a situation where the only way they can succeed is for catastrophe, and that's probably one of the most powerful things about our market is that people, some people are situated that way. but we seem to be, europe seems...
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Oct 31, 2012
10/12
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and it's very critical to the new york city economy. it's just eight miles from midtown manhattan, normally serves about 1,000 flights a day. nothing right here today. take a look at this picture. this picture was given to us today by an airline employee. it shows a tarmac yesterday with water from both of the bays that sandwich laguardia nearly to the jet bridge. unbelievable, but we did look out a window this morning. and however it appears at least in the section that we could see of the central terminal the water has receded. while the port authority says laguardia is still officially closed, there are some airline and airport employees that are here. they're at their post. we spoke to them, they didn't want to be on camera. they did say they were asked to come in to work, but they're not exactly sure what they're supposed to be doing. and there are some passengers here that are sure they're getting out today. >> i know for a fact this airport is going to open today. because i stayed here monday night. i know it was like a ghost tow
and it's very critical to the new york city economy. it's just eight miles from midtown manhattan, normally serves about 1,000 flights a day. nothing right here today. take a look at this picture. this picture was given to us today by an airline employee. it shows a tarmac yesterday with water from both of the bays that sandwich laguardia nearly to the jet bridge. unbelievable, but we did look out a window this morning. and however it appears at least in the section that we could see of the...